Tag Archives: ICBC

China’s ICBC Sets Up Global Asset Management Company

04 Nov
China’s ICBC Sets Up Global Asset Management Company

The banking giant’s offshore investment subsidiary is going global, restructuring to serve both domestic and foreign investors. The Industrial and Commercial Bank of China, the world’s biggest bank by assets, is rebranding and restructuring its offshore investment subsidiary into a global asset management company, an executive at the company confirmed. The new Hong Kong-based entity, […]

China’s Gold Market

01 Apr
China Gold Market

World Gold Council and ICBC Enter Into Strategic Partnership to Promote China’s Gold Market BEIJING, April 1, 2010 – World Gold Council (“WGC”) and Industrial and Commercial Bank of China (“ICBC”) have signed a memorandum of understanding (MOU) for strategic cooperation within China’s gold market. This agreement will enhance the exchange of market information between […]

China’s biggest bank sells stake

01 Sep
Keynes of China' Li Yining China's most famous economist - China's biggest bank

China’s biggest lender, Industrial and Commercial Bank of China (ICBC), is selling a 10% stake to Goldman Sachs, Allianz and American Express. The deal, said to be worth more than $3bn (£1.7bn), is just the latest example of Western financial houses investing in Chinese banks. Bank of America and Royal Bank of Scotland are two […]